APPLICATION OF IAS 41 "AGRICULTURE" FOR ACCOUNTING AND VALUATION OF BIOLOGICAL ASSETS IN THE RUSSIAN AGRICULTURAL ORGANIZATIONS

In the process of integration of Russian accounting to the international level become topical issues of IFRS application. Statements have been prepared taking into account requirements of International standards contributes to improving the investment attractiveness of the agricultural organizations, as well as their subsequent entry into the international capital market and agricultural products. The article considers the aspects of the application of IAS 41 for the Russian agricultural organizations, proposals for the use of fair value in the valuation of biological assets.